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Canada’s Real Estate Market Expects Better Housing Starts

Medha Sood Top News 09.03.2010
Canada’s Real Estate Market Expects Better Housing Starts

The real estate market of Canada failed to show any signs of recovery, though a research expected 10% of Canadians to start indulging in buying homes in a period of next two years and the percentage of Canadians who seek buying a house as a long term investment increased to 91%.

The swimming pool of Coal Harbour's Three Harbour Green is seen in a handout photo provided to CTV News by the developer.

The 2010 Olympic Winter Games were solid gold for a Vancouver-based real estate developer specializing in luxury suites.

Sales of existing homes reached a record high for the month of December, according the Canadian Real Estate Association, with annual sales coming in above 2008 levels. Photograph by: Glenn Baglo, Vancouver Sun

VANCOUVER - Metro Vancouver’s real estate market warmed up considerably at the end of 2009, but likely won’t overheat as 2010 progresses, new data released Friday by the Conference Board of Canada suggests.

Vancouver’s home prices rated ‘most unaffordable’

Brian Morton Vancouver Sun 25.01.2010
Dominion Hotel, one of BC Housing's new properties in the Downtown Eastside (DTES) in Vancouver, B. C., on February 13, 2009. Photograph by: Arlen Redekop/Canwest News Service, Arlen Redekop/Canwest News Service

VANCOUVER — Vancouver is the least affordable housing market in nearly 300 metropolitan markets worldwide, according to a study released Monday.

Canadian Government Considers Measures To Cool Real Estate Market

Posting a record-breaking year-over-year sales increase for December, bigger down payments and shorter amortization periods are among the measures being considered to cool off a rapidly heating Canadian real estate market that has seen seasonally adjusted sales rise for 11 straight months. But where some see a bubble others predict that prices will begin to come down as inventory returns to the market. See the following article from Property Wire for more on this.

How To Buy Real Estate In Canada

International Property Journal 04.01.2010

Competition Bureau seeks real estate shake-up

Karen Mazurkewich Financial Post 02.11.2009
Toronto, Canada

The Canadian property purchasing process closely resembles its American counterpart, with oversight and listing information provided by the Canadian Real Estate Association. Prospective buyers should factor in taxes and fees when pricing properties, including a Goods and Services Tax on new housing, Realtor and attorney charges and costs associated with land transfer and mortgage loan coverage. See the following article from International Property Journal for more on this.

A landmark investigation by the federal Competition Bureau may dramatically change the way homes are bought and sold in Canada.

TORONTO -- A landmark investigation by the federal Competition Bureau may dramatically change the way homes are bought and sold in Canada.

B.C. real estate on an upward climb for the rest of '09

DERRICK PENNER VANCOUVER SUN 27.08.2009
This East Vancouver house, for sale at $1.27 million, has had three offers from people who've never stepped inside it. (CBC)

Vancouver has the hottest real estate market in the country, according to figures released Thursday by the Canadian Real Estate Association.

British Columbia real estate sales should continue to rise through the remainder of 2009 from last year's market fall, according to the B.C. Real Estate Association's latest forecast.

VANCOUVER — Spurred by record-low mortgage rates, provincial real estate sales should continue to rise through the remainder of 2009 from last year’s market fall, according to the B.C. Real Estate Association’s latest forecast.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.